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IB and Forex
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Created: by Grantx Attachments:10

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IB and Forex

  #21 (permalink)
Professional Guesser
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rassi View Post
Also I know this might sound like Iím teaching you to suck eggs....but...worth checking these settings across the board. Often the cfd/forex lot sizes are miles apart. You might have to tailor each market in Sierra so it matches up with Lmax.


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Teach away Im all ears.

That is what Im doing now, going through everything with a fine tooth comb. I am extra cautious with Sierra because of how highly configurable it is.

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  #22 (permalink)
Elite Member
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Futures Experience: Intermediate
Platform: Sierra Chart, MultiCharts
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On my end the Sierra Chart settings for Gold (spot) correspond with the LMAX instrument information.

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  #23 (permalink)
Elite Member
Utrecht, The Netherlands
 
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Platform: Sierra Chart, MultiCharts
Broker/Data: LMAX
Favorite Futures: EUR/USD, DAX
 
Posts: 8 since Dec 2010
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LMAX order quantities


The order quantities in Sierra Chart differ from the LMAX order quantities (see the LMAX Trading Service description on the Sierra Chart website):

Quoting 
When setting the Order Quantity for any symbol through the Sierra Chart Trade Window Quantity setting, or the Trade Mode Box at the top left of a Chart or Trade DOM, a quantity of 10, is equivalent to an LMAX quantity of 1.

A quantity of 1 entered within Sierra Chart, is equivalent to LMAX quantity of 0.1.

As of version 1118, for CFDs, the above rules also apply. No longer will a quantity of 1 equal 1 for a CFD. A quantity of 1 for a CFD now equals .1.


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  #24 (permalink)
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Ahh. Thats what confused me. Chart settings are different to global settings.
In my chart settings the currency value per tick and tick value = 0.05 respectively.
but in global settings its 0.01 respectively.

For crying in a freaking bucket...

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  #25 (permalink)
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Glad you got it sorted, so many settings!


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